Ridgemont Equity Partners has invested in Georgia-based Nolan Transportation Group. Financial terms of the transaction were not disclosed.

Charlotte-based Ridgemont will partner with the management team of NTG, a transportation and logistics company. The management team will remain the majority shareholders.

“This capital raise marks an important milestone for NTG as we continue on our path to become one of the largest providers of freight brokerage services in North America,” said Kevin Nolan, NTG’s president and CEO. “We welcome not only Ridgemont’s strong logistics expertise but most importantly their cultural fit with NTG, which is integral to the success of our business.”

Harold Baron, senior vice president of NTG, said the company decided to find a financial partner to bolster their current growth strategy and invest in tools and technology.

Ridgemont is active in the third-party logistics sector and has made a few other investments in the space.

“We have formed a strong relationship with Kevin Nolan and the NTG team over the past several years, and we’re very excited to be announcing our new partnership,” said Tim Dillon, vice president at Ridgemont.

Dillon said NTG is a fast-growing business in the truckload brokerage market. NTG’s run‐rate revenue is over $300 million.

“We look forward to continuing to scale the business together while preserving NTG’s strong and unique culture,” Dillon said in a statement.